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SOLD

35 Clara Street, South Yarra, VIC 3141

Development Potential
DETAILS
A ONE-OF-A-KIND CORNER INVESTMENT/DEVELOPMENT OPPORTUNITY
  • Whole Block of 12 Large Apartments
  • Strategic Redevelopment Opportunity
  • A Proven Residential/Lifestyle Location

JLL Capital Markets is delighted to offer for sale this trophy investment/development opportunity situated within one of Melbourne’s premier residential suburbs at 35 Clara Street, South Yarra.

Key details of the opportunity include:

·         A whole block of 12 oversized one-bedroom apartments with opportunity for passive holding, refurbishment or redevelopment

·         Potential to secure $200,748* per annum of income with South Yarra being one of Melbourne’s most hotly contested rental markets

·         Commanding corner site of 651sqm* with frontages to Clara Street, Oxford Street and Oxford Lane

·         Significant redevelopment potential that is suitable for numerous residential options (STCA)

·         Strategically located within an affluent and established residential pocket, accessible via Chapel Street and Toorak Road which boast an extraordinary selection of shopping, café and culinary options

·         Excellent transport linkages including tram services along Toorak Road and Chapel Street and the South Yarra Train Station and Hawksburn Train Station within close proximity.

·         South Yarra is an incredibly buoyant residential suburb that has experienced significant uplift in value, reflected by the strong median house price of $2,295,000 being 1.3 times higher than the metropolitan Melbourne average

For Sale via On-Site Public Auction on Thursday 1 July at 12.30pm (AEST). 

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Josh Rutman | 0411 27 37 46

Tim Carr | 0415 767 915

Mingxuan Li  李名 轩  | 0498 688 998

*Approx

·         Whole Block of 12 Large Apartments

·         Strategic Redevelopment Opportunity

·         A Proven Residential/Lifestyle Location

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
Auction:
TITLE:
Thursday 1 July at 12.30pm (AEST)
Property Area
AREA:
651 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Apartment Sites, Apartment Sites
Development Potential
DEVELOPMENT APPROVAL:
Significant redevelopment potential that is suitable for numerous residential options (STCA)

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35 Clara Street, South Yarra, VIC 3141

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